{"schema_version":"secwatch.filing_event.v1","accession":"0001718512-24-000062","form_type":"8-K","ticker":"GTES","cik":"0001718512","company_name":"Gates Industrial Corp plc","filed_at":"2024-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.249351+00:00","generated_at":"2026-05-31T14:32:30.721227+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gates Industrial Q2 net sales down 5.4% to $885.5M; cuts full-year guidance; announces $250M buyback","bullets":["Net sales $885.5M (-5.4% YoY); core sales decline 4.0%; net income $70.7M ($0.26 diluted EPS).","Adjusted EPS $0.36 vs $0.34 YoY; Adjusted EBITDA margin 22.8%, up 170 bps YoY.","Power Transmission net sales $541.9M (-5.6% YoY); segment Adjusted EBITDA margin 22.8% (+210 bps).","Fluid Power net sales $343.6M (-5.2% YoY); segment Adjusted EBITDA margin 22.8% (+120 bps).","Updated FY2024 guidance: core sales growth (4%) to (2%); Adjusted EBITDA $740-770M; new $250M buyback authorized."],"urls":{"canonical":"https://secwatch.observer/filing/0001718512-24-000062","json":"https://secwatch.observer/filing/0001718512-24-000062.json","markdown":"https://secwatch.observer/filing/0001718512-24-000062.md","text":"https://secwatch.observer/filing/0001718512-24-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718512/000171851224000062/0001718512-24-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718512/000171851224000062/gtes-20240731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T14:32:30.721227+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}